Ktali do you think this is likely without the takeover going through?
Maybe it will happen after or maybe not .
But I don’t think Brimstone will “pay up” the way things currently stand.
Because the recent announcements note Brimstone is connected to those who -combined- hold a significant interest in Empire.
I find it disappointing as a past shareholder that It seems to me that all the way through Empire has protected its largest shareholders ...for instance when the Mandara/Empire JV was formed in 2014 Empire made sure it only held 49%..ie the controlling interest was held by a private company- Mandara...( a shareholder!) and while Empire raised funds to support this JV it was never disclosed what Mandara contributed..
They are all mates !
Right now the ‘Brimstone side’ has already have mooted what it intends to do.
And Empire management have publicly paid what I feel is lip service to the need to be seen to be acting in the interests of the other 95% of shareholders by saying “oh dear this is wrong”
And have promised to keep everyone informed ..
ERL Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
